In the last 24 hours, the Meow price showed a 22% increase, indicating a potential bullish trend continuation amidst a drop in trading volumes, reaching $0.00595.
Current Meow Market Dynamics
The MEOW/USD trading pair on the 1-day timeframe is indicating signs of a potential bullish continuation after a recent pullback. Support was found around $0.0045 – $0.0050, allowing the price to rebound. The 50-day moving average supports this trend, indicating an overall bullish outlook. The MACD indicator shows early signs of a bullish crossover, while the RSI is neutral at 52.44. For continued growth, the price must hold above $0.0045 – $0.0050 and break through $0.0075 – $0.0080.
Traders Flock to Catslap
As Meow shows bullish signs, traders are turning towards the new meme coin Catslap (SLAP). The Catslap team recently burned $1 million worth of tokens, potentially boosting the price. Additionally, the Slapdrop contest helped investors stake over 500 million SLAP, increasing interest in the project.
Impact on the Crypto Market
The rapid surge of SLAP since its presale indicates the growing popularity of meme coins. Catslap has also partnered with Best Wallet, giving access to over 105,000 users. Major crypto analysts anticipate significant SLAP growth, especially with the upcoming MEGABURN.
Despite market fluctuations, Meow retains bullish prospects if it can hold current support levels. Meanwhile, newcomer Catslap is quickly gaining traction among traders, offering fresh investment opportunities in the meme coin space.
